Property

Simes $70 million property portfolio on market

Christchurch-based real estate company Simes has launched its commercial property portfolio, valued at $70 million, to the market.The Christchurch portfolio, consisting of 24 properties, is the largest offering of property for sale or lease in the Christchurch market for the past two years.

Wednesday, August 23rd 2006

“The Christchurch portfolio provides Simes with the ideal vehicle to showcase our clients’ properties while also providing purchasers and occupiers with a significant choice,” says Layne Harwood, chief executive of Simes.

Layne Harwood and Linda Coleman acquired majority shareholding of Simes in late 2005, from co-owners Peter Cook and David Sutton.

The portfolio features industrial and retail investment properties, and industrial and retail properties for sale and lease. Harwood says it offers a broad range of properties, from smaller commercial properties for sale or lease, to substantial investment properties for sale.

Among the properties included in the portfolio are: 589 Halswell Junction, an industrial property investment; 303 Colombo Street, a retail investment property; 82 Columbia Avenue, an industrial property; and Sir James Wattie Drive – industrial land.

Simes presents four commercial property portfolios each year. The latest portfolio is the second to be released and follows Simes’ $20 million May offering.

The fourth commercial property portfolio will be launched in October.

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